Business Services Industry
Tax windfall for banks in Amex win.
Australasian Business Intelligence, June, 2009
Byline: Marsha Jacobs
Jun 22, 2009 (The Australian Financial Review - ABIX via COMTEX) -- A Federal Court decision on whether goods and services tax should be payable on late fees for credit cards has gone against the Australian Taxation Office, meaning American Express will gain refunds that for the overall banking and financials sector may rise to some $A100m.
Publication Date: 23 June 2009
AMERICAN EXPRESS COMPANY AUSTRALIAN TAXATION OFFICE FEDERAL COURT OF AUSTRALIA VISA INTERNATIONAL
Copyright 2009 LexisNexis Australia. All Rights Reserved.
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